China’s new ship orders in 2020 surpass South Korea, No.1 in world after 2 years
China’s 2020 new shipbuilding orders exceeded those of South Korea and returned the country to the No.1 spot after two years, CCTV reported on Sunday. According to data released by the Ministry of Industry and Information Technology (MIIT) on Friday, China’s three major indicators in the shipbuilding industry – completed ships, new orders and orders on hand – were all in leading positions worldwide in 2020 with 43.1 percent, 48.8 percent and 44.7 percent of the global market share. South Korea and Japan respectively took 41.4 percent and 7 percent ...
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